Macquarie Global Infrastructure Income Fund completes closing of
TORONTO, Oct. 31, 2013 /CNW/ - Macquarie Global Investments Canada Ltd., is
pleased to announce that Macquarie Global Infrastructure Income Fund (the
"Fund") has completed an issuance of an additional 380,000 units pursuant to
the exercise of the over-allotment option granted to the Fund's agents in its
recently completed initial public offering. Altogether, the Fund has raised
gross proceeds of $53,800,000 under the offering, including the proceeds of
the over-allotment option.
The Fund's investment objectives are to: (a) provide holders of units with
quarterly cash distributions, initially targeted to be $0.15 per unit ($0.60
per annum representing an annual cash distribution of 6.0% based on the $10.00
per unit issue price); (b) maximize total return for unitholders, consisting
of distributions and capital appreciation; and (c) preserve capital. To
achieve the Fund's investment objectives, the net proceeds of the offering
will be invested in a portfolio consisting of infrastructure equity securities
issued by global infrastructure companies that own and/or operate
Macquarie Capital Investment Management LLC ("MCIM"), a member of Macquarie
Group, is a global leader in the listed infrastructure sector and will act as
the portfolio manager (the "Portfolio Manager") of the Fund. The Portfolio
Manager is part of the Macquarie Funds Group ("MFG"), Macquarie Group's funds
management business. MFG is Australia's largest asset manager and world's
largest infrastructure investor with over $366 billion globally in assets
under management of which $107 billion (inclusive of MCIM's affiliates
globally) is invested in both listed and private or direct infrastructure
mandates (as at June 30, 2013).
Aston Hill Capital Markets Inc. will act as the manager (the "Manager") of the
Fund. The Manager is a leading provider of investment products having raised
over $2.5 billion in assets.
The offering is being made through a syndicate of agents co-led by RBC Capital
Markets, Macquarie Private Wealth Inc. and CIBC that includes BMO Capital
Markets, Scotiabank, National Bank Financial Inc., TD Securities Inc.,
Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins
Securities Inc., Manulife Securities Incorporated, Dundee Securities Ltd.,
Haywood Securities Inc., HSBC Securities (Canada) Inc. and Mackie Research
SOURCE Macquarie Global Investments Canada Ltd.
For further information, please visitwww.astonhill.ca
orwww.macquarieglobalinvestments.ca or contact:
Stuart McClure Managing Director Macquarie Global Investments Canada
Ltd. (877) 484-4665 email@example.com
Darren Cabral Vice President & CFO Aston Hill Capital Markets Inc. (800)
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CO: Macquarie Global Investments Canada Ltd.
NI: FIN FND FLOWS
-0- Oct/31/2013 05:39 GMT
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